TORONTO, March 13, 2019 /CNW/ - RBC Global Asset
Management Inc. today announced that the RBC Target 2019 Corporate
Bond Index ETF (TSX: RQG) will mature on Friday, November 15, 2019.
Unlike traditional ETFs, which have a perpetual life, target
maturity ETFs have a specified maturity date that is established
when the ETF is launched and disclosed in its prospectus. When the
ETF reaches its maturity date, the ETF's final net asset value
(NAV) is returned to the current unitholders.
A target maturity ETF's portfolio contains securities that
mature throughout its stated maturity year. This structure results
in a duration profile similar to that of an individual bond, where
the ETF's duration can be expected to decline as it approaches
maturity, reducing sensitivity to interest rate changes. These ETFs
do not seek to return any predetermined amount at maturity.
The RBC family of Target Maturity Corporate Bond ETFs includes
seven ETFs with maturities ranging from 2019 to 2025.
For further information regarding RBC ETFs, please visit
https://www.rbcishares.com.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETF). Please read the
applicable prospectus or Fund Facts document before investing. ETFs
are not guaranteed, their values change frequently and past
performance may not be repeated. ETF units are bought and sold at
market price on a stock exchange and brokerage commissions will
reduce returns. RBC ETFs do not seek to return any predetermined
amount at maturity. Index returns do not represent RBC ETF returns.
RBC ETFs are managed by RBC Global Asset Management Inc., an
indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal Bank
of Canada (RBC) and includes
institutional money managers BlueBay Asset Management and Phillips,
Hager & North Investment Management. RBC GAM is a provider of
global investment management services and solutions to
institutional, high-net-worth and individual investors through
separate accounts, pooled funds, mutual funds, hedge funds,
exchange-traded funds and specialty investment strategies. The RBC
GAM group of companies manage approximately $425 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management